Published in Consumer Electronics category by MBA Skool Team
Hon Hai Precision is one of the leading brands in the consumer electronics sector. Hon Hai Precision SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of Hon Hai Precision:
Vertically integrated business model making it the shortest supply chain
Manufactures almost all popular electronics products like iPhone, iPad, Kindle, Xbox, PlayStation, Wii etc
Major presence in China implying easy access to Chinese supply chain.
Has factories spread around the globe at Asia, Europe, Mexico, South America.
Above are the strengths in the SWOT Analysis of Hon Hai Precision. The strengths of Hon Hai Precision looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Hon Hai Precision Weaknesses
Limited designing skillset compared to bigger players
Limited market share and low global presence
These were the weaknesses in the Hon Hai Precision SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Hon Hai Precision Opportunities
Increasing new generation electronics gadget (like smartphones, tablets) sales
Major electronics brands shifting to outsourcing of manufacturing to leverage on economies of scale
Opportunity to turn to sophisticated high margin components
Above we covered the opportunities in Hon Hai Precision SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Hon Hai Precision Threats
Negative publicity due to worker suicides and reports on labour ill treatment
Increasing competition from competitors
Labour issues and rising costs in China
The threats in the SWOT Analysis of Hon Hai Precision are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Most dependable partner for joint-design, joint-development, manufacturing for many electronics companies
Hon Hai Precision STP
Electronic products manufacturing, assembling
All electronics companies
Most reliable manufacturing & assembling partner
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